Eurozone producer prices are still tumbling, signalling further deflation down the road. Producer prices, which measure the prices businesses pay rather than consumers, fell 3.4% in the year to January, and 0.9% from December alone. Analysts were expecting a 3% drop year-on-year.

Britain's construction sector is still signalling rapid growth, with a PMI of 60.1 in February. Anything over 50 suggests the sector is expanding. In January, the figure was 59.1, and economists expected a score of 59 for February.